Zentek (CVE:ZEN) Share Price Passes Below 200 Day Moving Average – What’s Next?

Zentek Ltd. (CVE:ZENGet Free Report)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.52 and traded as low as C$1.00. Zentek shares last traded at C$1.05, with a volume of 135,278 shares traded.

Zentek Price Performance

The company has a debt-to-equity ratio of 4.97, a current ratio of 2.06 and a quick ratio of 7.59. The firm has a 50-day moving average of C$1.13 and a 200-day moving average of C$1.52. The stock has a market cap of C$109.95 million, a PE ratio of -13.13 and a beta of 0.39.

Zentek Company Profile

(Get Free Report)

Zentek Ltd., together with its subsidiaries, engages in the research and development of graphene and related nanomaterials in Canada. The company develops graphene-based antimicrobial coating under the ZenGUARD brand, surgical masks, HVAC filters, personal protective equipment, rapid detection point of care diagnostics tests, and pharmaceutical products based on graphene-based compounds.

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